Antimicrobial Coatings Market Size to Hit US$ 31.5 Bn by 2030

The Antimicrobial Coatings market size is predicted to hit around US$ 31.5 billion by 2030 and is expected to grow at a compound annual growth rate (CAGR) of 23.1% from 2022 to 2030.

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Growth Factors

Increasing concerns among consumers and various manufactures about cleaning and preventing the growth of bacteria, mold, and fungi on buildings, equipment, etc. are expected to drive the product demand.

The product demand is expected to increase in the medical devices and packaging application industry owing to the rising cases of Covid-19 around the world. The continuously growing demand for medical devices and packaging products for Covid-19 will positively affect the market. North America is expected to dominate the global market due to the presence of major healthcare product manufacturers in the region.

Silver-based biocides are widely used in medical applications owing to their excellent antimicrobial properties. Recently, a new U.S.-based othiazolin-based biocide, n-butyl-1,2-benzisothiazolin-3-one is also used as an antimicrobial agent to prevent the spread of germs. Moreover, the rising demand for implantable medical devices and the increasing burden of Cardiovascular Diseases (CVDs) is expected to aid the overall demand over the next eight years.

On the basis of product, the global market is segmented into and surface modification & coatings. The surface modification & coatings segment was the prominent product segment and accounted for the largest revenue share of over 53% in 2020. The antimicrobial powder product segment is expected to witness the fastest CAGR over the forecast period due to the high demand for silver-based, copper-based, and other coatings. Silver-based products are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, high thermal stability, and protection against microbial growth.

Key Players

  • AkzoNobel N.V.

  • Nippon Paint Co. Ltd.

  • PPG Industries Inc.

  • RPM International

  • DSM

  • The Sherwin Williams Company

Market Segmentation

  • Product Outlook 

    • Antimicrobial Powder Coatings

      • Silver

      • Copper

      • Other

    • Surface Modifications & Coatings

      • E. Coli

      • Listeria

      • Pseudomonas

      • Others

  • Application Outlook

    • Sanitary Facilities & Kitchen

    • Air Conditioning & Ventilation Systems

    • Food Processing & Packaging

    • Antimicrobial Textiles

    • Mold Remediation

    • Construction

    • Medical Devices

    • Others

  • Regional Outlook 

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • India

    • Central & South America

    • Middle East & Africa

The Antimicrobial Coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Antimicrobial Coatings market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Antimicrobial Coatings market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

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